Verified Facts
The tax rates in Syria range from 5% to 22% for personal income tax, with a corporate tax rate of 10% and a value-added tax (VAT) rate of 10%.
Tax laws change frequently. Always consult a qualified tax professional for advice specific to your situation. This is a general guide only.
Quick Facts
Tax System Overview
Syria has a territorial tax system, which means that tax is levied on income earned within the country, regardless of the taxpayer's residence. However, residents of Syria are also subject to tax on their worldwide income, with certain exceptions. To be considered a tax resident in Syria, an individual must have a permanent home in the country or stay in the country for more than 183 days in a calendar year.
The tax system in Syria is governed by the Income Tax Law, which was enacted in 2003. The law provides for the taxation of individuals and corporations on their income earned in Syria. The tax authorities in Syria are responsible for the administration and collection of taxes, and taxpayers are required to file their tax returns and pay their taxes on a timely basis. Failure to comply with the tax laws and regulations can result in penalties and fines.
Personal Income Tax
| Income Bracket (SYP) | Tax Rate |
|---|---|
| 0 - 50,000 | 5% |
| 50,001 - 100,000 | 10% |
| 100,001 - 200,000 | 15% |
| 200,001 - 500,000 | 18% |
| 500,001 and above | 22% |
Taxpayers in Syria are entitled to certain deductions and allowances, such as a personal allowance, a deduction for mortgage interest, and a deduction for charitable donations. Tax returns must be filed annually, and taxpayers are required to pay their taxes in installments throughout the year. The tax authorities may also require taxpayers to provide additional information and documentation to support their tax returns.
Corporate & Business Tax
- The corporate tax rate in Syria is 10%, which applies to the taxable profits of companies.
- Small businesses and startups may be eligible for incentives and exemptions, such as a reduced tax rate or a tax holiday.
- Syria has several free zones, which offer tax exemptions and other incentives to companies that operate within these zones.
- Companies must register with the tax authorities and obtain a tax identification number in order to operate in Syria.
- Companies are also required to file annual tax returns and pay their taxes on a timely basis.
VAT / Sales Tax
- The standard VAT rate in Syria is 10%, which applies to most goods and services.
- There are reduced VAT rates of 5% and 0% for certain goods and services, such as food, medicine, and exports.
- Certain goods and services are exempt from VAT, such as financial services, education, and healthcare.
- Tourists may be eligible for a VAT refund on certain purchases, such as goods purchased in duty-free shops.
For Expats & Foreign Workers
- Tax residency rules apply to expats and foreign workers who stay in Syria for more than 183 days in a calendar year.
- Syria has double taxation treaties with 15 countries, which can help to reduce or eliminate double taxation.
- Expats and foreign workers may be required to register with the social security authorities and pay social security contributions.
- Expats and foreign workers may be eligible for tax deductions and allowances on their foreign-earned income.
- Expats and foreign workers must file tax returns and pay their taxes on a timely basis.
- Expats and foreign workers may be subject to remittance rules, which can affect their ability to transfer funds out of Syria.
Crypto & Investment Income
- Investment income, such as dividends and interest, is subject to tax in Syria.
- Capital gains are taxed at a rate of 10%, or may be included in income and taxed at the applicable tax rate.
- Cryptocurrency is subject to tax in Syria, and taxpayers must report their cryptocurrency transactions on their tax returns.
- Taxpayers may be eligible for tax deductions and allowances on their investment income, such as a deduction for investment expenses.